BACKGROUND
In an effort to bolster business retention and expansion efforts, local Sachse businesses are selected and invited to attend EDC meetings. The goal for the Sachse Business Spotlight is to build and grow relationships between staff, the EDC, and the local business community.
OVERVIEW
Local businesses in Sachse are invited to present during the Sachse Business Spotlight.
POLICY CONSIDERATION
There are no policy considerations affiliated with this item.
RECOMMENDATION
Receive a brief introduction and update from a local Sachse business as part of the Sachse Business Spotlight.
Those who wish to speak may fill out a form or email the City Secretary prior to the meeting.
BACKGROUND
Minutes of the October 27, 2022, meeting.
POLICY CONSIDERATION
There are no policy considerations affiliated with this item.
RECOMMENDATION
Approve the minutes as presented.
BACKGROUND
The Sachse Economic Development Corporations Treasurer prepares a report each month to update the Board concerning the current year's budgetary process. This month's report consists of the summary financial report presented to City Council covering September 2022. Also included is a preliminary line-item budget report and balance sheet for October 2022.
RECOMMENDATION
Accept the monthly revenue and expenditure report for the period ending September 30, 2022.
BACKGROUND
Announcements are made at this time for informational purposes only.
POLICY CONSIDERATION
There are no policy considerations affiliated with this item.
RECOMMENDATION
Receive any reports and presentations by the Sachse Economic Development Corporation President, Board Members, Executive Director, and staff regarding items of community interest, special events, announcements and activities, office, industrial, commercial, retail, business retention, and marketing projects.
BACKGROUND
The Sachse Economic Development Corporation budget contains account codes for a Small Business Grant Program and a Local Business Grant Program. The purpose of this agenda item is to have a preliminary policy discussion about these programs.
OVERVIEW
During the FY 2023 budget planning and approval process money was not specifically allocated to these account codes as staff wanted first to receive policy direction from the Economic Development Corporation.
POLICY CONSIDERATION
The EDC follows statutory requirements relative to economic development projects. There is not currently an active grant distribution policy for small business grants and local business grants.
RECOMMENDATION
Hold a discussion regarding small business grants and local business grants.